The recent losses on the Toronto Stock Exchange were driven by unwarranted fears that the U.S. subprime meltdown would seriously impact global growth, finds a new CIBC World Markets report.“Investors followed a circuitous route to link U.S. mortgages to Canadian equities over the past month,” says Avery Shenfeld, senior economist at CIBC World Markets. “Losses […]
Toronto stocks tumbled Wednesday in a broad selloff over credit concerns that was made worse by falling oil prices.The S&P/TSX composite index closed down 213.89 points, or 1.5%, at 13,654.74 after earlier sinking as much as 341 points.The heavyweight energy sector was a dragged down the broader index falling 1.8% as U.S. crude oil futures […]
Net sales total $257 million
Insurer hikes quarterly dividend
Agreement will transfer remaining services for approximately 340 plans
Jia to oversee research, portfolio management and product development
CHIP will be strong complement to pension assets
Gains in production and improved productivity will allow profits to rise again starting in 2008
Deal creates Hub platform in Texas
BCE earnings jump 40%